The year FY 19-20 have produced some remarkable milestones for a few Indian entrepreneurs. Name of Mr. Gautam Adani is among them as a shining star. From getting the Kerala Airport lease to how his take on rural to urban migration in India — Gautam Adani has been in the news several times recently. And now, one of the companies run by him — Adani Green Energy Limited — is making ripples for its performance over the last year.
Adani Green Energy which is being added to the Nifty Next 50, has reportedly grown by over 741% in the last one year. In June, the company won the world’s largest solar order to build eight gigawatts of photovoltaic (PV) power plant along with a domestic solar panel manufacturing unit at an investment of Rs 45,000 crore. With this contract, Adani Green now has a portfolio of 15 GW of renewable power generating assets.
Additionally, the company has also seen a Rs 3,707 crore investment in April from France’s Total SA. This saw the company enter into a joint venture for operating solar power projects across India.